9:25 AM - 9:50 AM
[T1-02] Japan's current approach to securing mineral resources
「招待講演」
Keywords:Critical Minerals, Securing Mineral Resources
The global green transformation (GX) is intensifying competition to secure Critical Minerals for batteries, semiconductors, and other applications. In particular, not only existing resource companies but also automakers and battery manufacturers around the world are accelerating their efforts to secure those material source to lithium, nickel, and graphite, which are used in electric vehicles. In some cases, there are concerns about economic security risks due to the ubiquity of supply source and midstream processes for these mineral resources.
Under these circumstances, efforts to diversify supply sources and midstream processes are being promoted worldwide, including financial support from governments and institutional design. There is also a growing movement to promote sustainable resource development by high level ESG standards.
In Japan, based on the "Storage Battery Industrial Strategy" and the "Policy for Initiatives to Ensure Stable Supplies of Critical Minerals" based on the Economic Security Promotion Act, Japanese government supports Japanese companies investment for mine development, technology development and smelting-processing, specifically, increasing the ratio of financial support and providing subsidies for development and other activities through JOGMEC. In addition to these measurement, it is also actively conducting resource diplomacy with resource-rich countries and responding to multiple-frameworks.
As for diversification of supply sources, while existing resources are being depleted, investment is concentrated on promising projects. As one solution, JOGEMC is focusing on ore minerals that have not been considered as resources (e.g., Awaruite) and areas where exploration has not progressed. Asia, which contains complex tectonics settings and remains un-exploration areas, has great potential of critical minerals.
Under these circumstances, efforts to diversify supply sources and midstream processes are being promoted worldwide, including financial support from governments and institutional design. There is also a growing movement to promote sustainable resource development by high level ESG standards.
In Japan, based on the "Storage Battery Industrial Strategy" and the "Policy for Initiatives to Ensure Stable Supplies of Critical Minerals" based on the Economic Security Promotion Act, Japanese government supports Japanese companies investment for mine development, technology development and smelting-processing, specifically, increasing the ratio of financial support and providing subsidies for development and other activities through JOGMEC. In addition to these measurement, it is also actively conducting resource diplomacy with resource-rich countries and responding to multiple-frameworks.
As for diversification of supply sources, while existing resources are being depleted, investment is concentrated on promising projects. As one solution, JOGEMC is focusing on ore minerals that have not been considered as resources (e.g., Awaruite) and areas where exploration has not progressed. Asia, which contains complex tectonics settings and remains un-exploration areas, has great potential of critical minerals.